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On 0fflclal Ballot Nos and ..... ~ BRIDGE BONDS" The 'amendment in full is aS follows: CH A.~ Y ER An Act to amend the Charter of the City of Eugene by adding a new Chapter thereto, authorzlng and empowering the Common Council of the city to issue an4 sell negotiable bonds o~f the City to the amount of ten thousand Dollars, or ~o much thereof as may be necessary for the purpose of constructing four ~ridges over the. ~zon ~lough in the City of ~gene, Oreson. THE CITY 0? ~ fFNE DOF~ ORDAIN AS i~0LLOWS: Be It ~hacted by the Elebtors oP the City of Eugene,Oregon. .~ Section 1. The Common CounCil of the City of Eugene,0r~ gon, is hereby empowered to issue and sellnegotlable bonds of the city to the amount of Ten Thousand Dollars, or so much ~herof as may be ~ecessary for the construction of four wood. eh bridges over the ~.azon Slough, one at the intersection of the Slo~h with each of the fol.~owing streets: Lawrence Street, LincoLn Street, Charnelton Street and Pearl Street, and te expend the money therefor In the construction of such Orldges. Section 2. The bondsher~oy authorized shall be denominated "Amazon Bridge B ads" and shall be in such form and of such denomination as will, in the judg- ment of the Common O~unCll be'most likely to c~nduce to their salability. They shall be me~e due and payable in 30 years from the date of their issuance, and shall bear interest at a rate of not to exceed five per cent per annum, interest payable semi-annually. Section 3. Said bonds shall be a ~eaeral obligation of the City of Eugene, and the Common Council of the Jlty of h~gene is he,by authorized t~ include la its general munclpal tax levy each year such sufficient special levy ~s shall aggregate an ~uo~nt sufficient to pay the interest oa the bonds and provide a sinking fund For the payment of the bonds whe~ due. gection 4. The Co:~non Council of the City is hereby authorized to issue and sell the s~id bonds, from time to time as they may be needed for 'the ~urposes here- in specified, but before any of them shall be sold they shall be ~dvertised for sale, by publication of a notice asking for bids therefor to be published in the two daily papers now published in EUgene, Oregon, Sr their ~uccessors, la a~,!east one issue of such daily apers, two weeks prior to the tlmeof the sale; and they may also give notice of such sale in such other papers as they deem to be best for the interest of the city effedtlng a sale; but if no satisfactory bids for the __. purchass of the bonds be received, they may soil them at private sale at not less than at par and accrued interest. Section 5. The moneys derived from the sale of said bonds sha~l constitute a fund to be denominated "Amazon Bridge .Fund" and shall be used for no other purpose than herein provided. Section 6. The indebtedness authorized by this ~endment to the Charter of the City of E~gene is in addition to all other indebtedness authorized and incurred My the City o.f ~gene, and shall not be considered as. affected by any limitation of indebtedness in the Charter of the City or elsewhere. On motion Council ad.J~nrned to the next regular meeting. Geo. A. Gllmo re, City Recorder.